Suncor Energy Inc. (NYSE:SU) Stock Holdings Lifted by Stifel Financial Corp

Stifel Financial Corp lifted its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,243 shares of the oil and gas producer’s stock after acquiring an additional 894 shares during the quarter. Stifel Financial Corp’s holdings in Suncor Energy were worth $3,516,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in Suncor Energy during the 3rd quarter worth about $25,000. Summit Securities Group LLC purchased a new position in Suncor Energy during the second quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its stake in Suncor Energy by 82.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 328 shares during the period. Ridgewood Investments LLC purchased a new stake in Suncor Energy in the 2nd quarter worth approximately $29,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Suncor Energy during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SU. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Monday. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Trading Down 1.4 %

Suncor Energy stock opened at $36.26 on Tuesday. Suncor Energy Inc. has a one year low of $31.03 and a one year high of $41.94. The company’s fifty day moving average price is $39.07 and its two-hundred day moving average price is $38.69. The company has a market capitalization of $45.62 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 2.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.51%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 36.60%.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.